Under $200K Investment Properties for Sale in Palmer, MI
$ 150,000
ROI
23.2
Cash Flow/m
144- 3 Bed
- 2 Bath
- 1248 sft
205 Kirkpatrick Ave, Palmer, MI, 49871
$ 115,000
ROI
24.8Cash Flow/m
163- 3 Bed
- 2 Bath
- 1333 sft
402 Nicholas Ave, Palmer, MI, 49871
$ 119,900
ROI
23.3Cash Flow/m
118- 2 Bed
- 1 Bath
- 1069 sft
102 Kirkpatrick Ave, Palmer, MI, 49871
$ 130,000
ROI
24.1Cash Flow/m
158- 3 Bed
- 1 Bath
- 2482 sft
204 Isabella Ave, Palmer, MI, 49871
Why Invest in Palmer, Michigan?
Investing in Palmer, MI under $200k offers affordable entry into a stable market with solid rental demand. The area's rental yield averages around 8%, with cap rates near 7%, making it attractive for steady cash flow investors. Average ROI sits at approximately 9%, supported by a slight appreciation trend and robust renter occupancy above 90%. Affordable housing options in this price range present opportunities to tap into a growing rental base fueled by local employment sectors.
9%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$750/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2%
1Y Appreciation
Frequently Asked Questions
Properties under $200k in Palmer often include single-family homes, small multi-family units, and some condos, providing affordable options for investors targeting rental income.
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